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Questions about Ripple are off topic. This tag should be used for questions regarding Ripple, an alternative cryptocurrency. Such questions can include how Ripple works and things that can be done with it. Ripple is also known by its ticker symbol, XRP.

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What does PreviousTxnID refer to in Ripple API?

What does the field PreviousTxnID refer to? Does it refer to the most recent transaction? Not sure what it specifically means. Help would be appreciated.